Shares of Micron Technology (MU.US) and SanDisk Corp. (SNDK.US) climbed over 5% on Monday, with both stocks reaching new all-time highs. In a recent research report, Goldman Sachs indicated that supply and demand constraints for semiconductor components and materials are expected to intensify significantly during the first four months of 2026, driven by demand for AI servers. The report highlighted that robust AI server demand, limited new industry capacity, and the prioritization of production lines for HBM (High Bandwidth Memory) are collectively constraining the supply of traditional DRAM and NAND. Concurrently, industry inventories remain at very low levels, further exacerbating the issue of insufficient supply elasticity. Based on these factors, Goldman Sachs substantially raised its price forecasts for DRAM and NAND, increasing the projected DRAM price increase for 2026 from approximately 150% in January to a range of 250%-280%, while raising the NAND price increase from around 100% to a range of 200%-250%.